Understanding the market structure of the day impacts all of your intraday trades

BellaMike Bellafiore's (Bella's) Blogs1 Comment

Understanding the market structure of the day impacts all of your intraday trades. Corey Rosenbloom has done some excellent work on this important trading concept. Dr. Steenbarger has written about its importance. At SMB we talk about the Big Picture before we start our AM meeting. Below is a self-proclaimed rant from a new trainee. We can learn from his monthly analysis … Read More

Shifting My Bias

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs3 Comments

I shorted BIG in the late morning today. It gapped down on its earnings release and then proceeded to consolidate below 36.70, which in my view is an important long term support area. My initial short was when a buyer dropped at 36.20. It quickly dropped about 30 cents and then traded right back up to the 36.20s. I shorted … Read More

Trading Passion: Embracing Failure and Discovering Your True Path

BellaMike Bellafiore's (Bella's) Blogs10 Comments

Morning Bella, I’ll try to keep this brief because I know you’re extremely busy. I just finished reading “Talent is Overrated” by Geoff Colvin along with “Mindest” by Carol Dewck and was interested to know what drives you and Steve to be successful traders and teachers? And where does your trading passion come from? Where did it start? Colvin talks about … Read More

Free Options Webinar: SMB’s Options Tribe: Tuesday, December 6, 2011 at 5pm EST: Weekly credit spreads using a trading system

options internGeneral Comments, Options Education, Seth Freudberg's BlogsLeave a Comment

Tuesday  December 6, 2011 at 5:00 pm Eastern Standard Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of … Read More